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# Banco de España fines IRB Corporation BS Ltd €670,000 for using reserved banking names without a licence
- URL: https://www.theglobalbanker.com/banco-de-espana-fines-irb-corporation-bs-ltd-670-000-for-using-reserved-banking-names-with/
- Published: 2025-09-19T18:49:00.000Z
- Updated: 2026-11-05T00:15:01.000Z
- Description: The Spanish central bank fined IRB Corporation BS Ltd €670,000 and issued a public reprimand for presenting itself with names reserved for credit institutions without authorisation.
- Author: TGB Editorial Team
- Tags: Regulations, Europe, #archive

Banco de España has fined IRB Corporation BS Ltd €670,000 for a very serious infringement of Spanish banking law, according to a sanction published in the central bank's register of penalties on 19 September 2025\. The company was found to have used names reserved for credit institutions, or others liable to be confused with them, without being authorised as a credit institution.

The resolution was adopted on 14 July 2025 under Law 10/2014 on the regulation, supervision and solvency of credit institutions, and is recorded as final. Banco de España classified the case under its supervision of non-authorised entities.

#### REPRIMAND AND MANAGEMENT BANS

Alongside the fine, Banco de España imposed an ancillary sanction of a public reprimand on IRB Corporation BS Ltd, to be published in the Boletín Oficial del Estado, Spain's official state gazette.

The case also resulted in sanctions against two individuals linked to the company, published in the register on 15 September 2025\. The company's sole administrator was fined €20,000 and barred for three years from holding administrative or management posts at any credit institution or other financial-sector entity. A person identified as the company's de facto administrator was fined €50,000 and barred from such posts for eight years. Each sanction relates to the same very serious infringement.

#### PROTECTION OF RESERVED DENOMINATIONS

Under Law 10/2014, denominations reserved for credit institutions may be used only by entities authorised as such. Banco de España's register lists penalties for non-authorised entities separately from those arising from the prudential supervision of licensed institutions.

In a separate case published in the register on 29 July 2025, Banco de España fined Astur de hipotecas, S.L. €800,000 for taking repayable funds from the public, an activity reserved for credit institutions, without the required authorisation.